📆 Friday, August 11
► European stocks decline, influenced by concerns over China's local government debt. The Stoxx 600 index fell 0.6%, with China sensitive stocks leadings losses.
► US equity futures remained stable for now after sharp losses in yesterday's second half of the trading day, while US Treasury yields declined slightly.
► The British Q2 2023 economy grew 0.2% quarterly and 0.4% annually, outperforming forecasts, with growth driven by the services and production sectors, especially in manufacturing, and a boost in household and government consumption despite a drop in international trade. The GBP strengthened in response to the better-than-expected quarterly growth.
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